The second part of the survey is about getting really serious with your career - it has all the inside dope on a host of issues concerning B school students, professionals and employers. Our earlier classification of respondents into three buckets remains in place, - MBA aspirants plus first year joinees, second year students, and post-MBA professionals. However, in this stage of the survey, the questions pertain to career choices - along the dimensions of domain, salary expectations, job satisfaction etc. Therefore, to ensure very high-quality data, we have allowed only second year students and post-MBA salaried professionals to respond to these questions. Use the knowledge about career decisions made by others, to make a better decision in your career. These are decisions that will stay with you for life. You don't have to follow the herd.
Minimum Salary expectations, Most preferred domains, Job Satisfaction and more - Part II - InsideIIM Recruitment Survey 2013
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venkat iyer
"Flipkart removed the delivery charges for the most obvious reason – to counter the growing competition" This was exactly what we hinted at. We never mentioned that it was to cover something ‘shady’. Well, we’re not talking about Satyam here, for starters. To make it clearer, we meant that delivery charges were removed because the competition (Amazon) offered free delivery, thus putting pressures on Flipkart’s bottomline (It was a major reason why small cart customers were moving towards Amazon). Thus, in an industry such as this, price wars would lead to lower profit margins, thus making the huge valuations (HUGE expectations of growth in profits) untenable. This was our point.
25 Aug 2014, 11.26 PM
Bhanu Putumbaka
The GMV multiplier, like you put it..is high but not unheard of. Exactly what we are saying. It is an inflated amount. It is indicative of a bubble. Our statement was taken out of context. We said that when the total number of e-commerce users is projected to be 100 million, its irrational to expect flipkart users to be 100 million. According to Communication and IT Minister Ravi Shankar Prasad’s 1 Lakh Crore INR ‘Digital India’ programme seeks to completely transform the nation into a digitally empowered-knowledge economy. When the Indian government takes a call to implement something, on an average, how long does it take to reap the benefits? At least 10 years..being extremely optimistic here. What this statement tells us is that there is a really blaring need for infrastructure development that the government has realized now, and will take steps to implement it in the distant future. And so the inflated growth rates that we are projecting won't actually happen.
26 Aug 2014, 11.25 AM
venkat iyer
“Flipkart removed the delivery charges for the most obvious reason – to counter the growing competition” This was exactly what we hinted at. We never mentioned that it was to cover something ‘shady’. Well, we’re not talking about Satyam here, for starters. To make it clearer, we meant that delivery charges were removed because the competition (Amazon) offered free delivery, thus putting pressures on Flipkart’s bottomline (It was a major reason why small cart customers were moving towards Amazon). Thus, in an industry such as this, price wars would lead to lower profit margins, thus making the huge valuations (HUGE expectations of growth in profits) untenable. This was our point.
26 Aug 2014, 07.02 PM
venkat iyer
"Moreover, FDI inflow is only a welcome sign as it will lead to huge investments to the tune of billions in ‘Indian e-Commerce industry’." Welcome sign for the customers maybe. But how is competition in an industry with an unproven future demand a positive sign for the incumbents? Say, RIL (with its usual whims) starts an e-commerce firm, won't there be more price wars leading to a reduction in profits? Also, your previous article talked about FDI in 'Inventory based e-commerce'. That is an investment in the back-end activities which is obviously beneficial to the industry. Aren't we talking about FDI in e-commerce here?
26 Aug 2014, 07.07 PM
venkat iyer
"For example Amazon, an US based company is operating in India and being counted as a part of the Indian industry. The same will apply if and when Alibaba enters the market" Firstly, how is Amazon's entry beneficial to Flipkart? Secondly, allowing FDI will make Amazon realize its true potential. Currently Amazon is not even the actual power it is abroad because it just operates a 'marketplace' model here. Alibaba is another such behemoth. In this industry with already existent severe competition, the incumbents really do not wish for more competition, especially at this nascent stage.
26 Aug 2014, 07.12 PM
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Comments
venkat iyer
"Flipkart removed the delivery charges for the most obvious reason – to counter the growing competition" This was exactly what we hinted at. We never mentioned that it was to cover something ‘shady’. Well, we’re not talking about Satyam here, for starters. To make it clearer, we meant that delivery charges were removed because the competition (Amazon) offered free delivery, thus putting pressures on Flipkart’s bottomline (It was a major reason why small cart customers were moving towards Amazon). Thus, in an industry such as this, price wars would lead to lower profit margins, thus making the huge valuations (HUGE expectations of growth in profits) untenable. This was our point.
25 Aug 2014, 11.26 PM
Bhanu Putumbaka
The GMV multiplier, like you put it..is high but not unheard of. Exactly what we are saying. It is an inflated amount. It is indicative of a bubble. Our statement was taken out of context. We said that when the total number of e-commerce users is projected to be 100 million, its irrational to expect flipkart users to be 100 million. According to Communication and IT Minister Ravi Shankar Prasad’s 1 Lakh Crore INR ‘Digital India’ programme seeks to completely transform the nation into a digitally empowered-knowledge economy. When the Indian government takes a call to implement something, on an average, how long does it take to reap the benefits? At least 10 years..being extremely optimistic here. What this statement tells us is that there is a really blaring need for infrastructure development that the government has realized now, and will take steps to implement it in the distant future. And so the inflated growth rates that we are projecting won't actually happen.
26 Aug 2014, 11.25 AM
venkat iyer
“Flipkart removed the delivery charges for the most obvious reason – to counter the growing competition” This was exactly what we hinted at. We never mentioned that it was to cover something ‘shady’. Well, we’re not talking about Satyam here, for starters. To make it clearer, we meant that delivery charges were removed because the competition (Amazon) offered free delivery, thus putting pressures on Flipkart’s bottomline (It was a major reason why small cart customers were moving towards Amazon). Thus, in an industry such as this, price wars would lead to lower profit margins, thus making the huge valuations (HUGE expectations of growth in profits) untenable. This was our point.
26 Aug 2014, 07.02 PM
venkat iyer
"Moreover, FDI inflow is only a welcome sign as it will lead to huge investments to the tune of billions in ‘Indian e-Commerce industry’." Welcome sign for the customers maybe. But how is competition in an industry with an unproven future demand a positive sign for the incumbents? Say, RIL (with its usual whims) starts an e-commerce firm, won't there be more price wars leading to a reduction in profits? Also, your previous article talked about FDI in 'Inventory based e-commerce'. That is an investment in the back-end activities which is obviously beneficial to the industry. Aren't we talking about FDI in e-commerce here?
26 Aug 2014, 07.07 PM
venkat iyer
"For example Amazon, an US based company is operating in India and being counted as a part of the Indian industry. The same will apply if and when Alibaba enters the market" Firstly, how is Amazon's entry beneficial to Flipkart? Secondly, allowing FDI will make Amazon realize its true potential. Currently Amazon is not even the actual power it is abroad because it just operates a 'marketplace' model here. Alibaba is another such behemoth. In this industry with already existent severe competition, the incumbents really do not wish for more competition, especially at this nascent stage.
26 Aug 2014, 07.12 PM